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cybersecurityict · 1 month ago

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Automatic Identification and Data Capture Market: Size, Share, Analysis, Forecast, and Growth Trends to 2032 — Security and Speed Drive Adoption

The Automatic Identification and Data Capture Market was valued at USD 60.0 billion in 2023 and is expected to reach USD 175.4 Billion by 2032, growing at a CAGR of 12.68% over 2024-2032.

Automatic Identification and Data Capture Market is undergoing a transformative phase, driven by rising automation across industries, expanding e-commerce, and increasing demand for real-time data collection. With growing implementation in logistics, retail, healthcare, and manufacturing, AIDC technologies are becoming indispensable for enhancing operational efficiency and accuracy. Barcode scanners, RFID systems, biometric recognition, and smart cards are some of the widely adopted tools streamlining inventory management, asset tracking, and authentication processes.

Automatic Identification and Data Capture Market is also experiencing a surge in adoption due to the rapid digitization of business workflows. Enterprises are leaning towards touchless and contactless technologies to maintain speed and safety in operations post-pandemic. The combination of AI, machine learning, and cloud-based AIDC solutions is unlocking new possibilities for real-time data analytics, improving supply chain visibility, and minimizing human errors. These innovations are redefining how organizations capture, store, and utilize critical data for decision-making.

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Market Keyplayers:

Zebra Technologies – ZT600 Series Industrial Printers

Honeywell International Inc. – Honeywell Xenon 1900g Barcode Scanner

Datalogic S.p.A. – Gryphon 4500 2D Barcode Reader

Sato Holdings Corporation – CL4NX Plus Industrial Thermal Printer

Intermec (now part of Honeywell) – Intermec CN51 Mobile Computer

Keyence Corporation – SR-2000 3D Laser Scanner

Toshiba Tec Corporation – B-EX6T1 Industrial Printer

Seiko Epson Corporation – TM-T88V POS Printer

Avery Dennison Corporation – AD-830 UHF RFID Reader

NCR Corporation – NCR RealPOS Barcode Scanner

Cognex Corporation – In-Sight 7000 Vision Systems

Omron Corporation – V680-TR Vision Sensor

SICK AG – RFID System SICK RLA

Mettler Toledo – Advanced Weighing and AIDC Systems

SMARTRAC Technology – Smart Cosmos RFID Solution

Panasonic Corporation – TOUGHBOOK 33 Mobile Computer

TSC Auto ID Technology Co., Ltd. – TTP-2410MT Thermal Transfer Printer

PDC Healthcare – On-Demand Labeling Solutions for Patient Identification

Printrak International – Digital Fingerprint Solutions

Impinj Inc. – Impinj Speedway Revolution RFID Reader

Market Analysis

The AIDC market is being shaped by both technological advancements and shifting consumer behaviors. Companies are prioritizing automation to maintain competitiveness and meet the growing demand for speed and accuracy. With improved connectivity, cloud integration, and the proliferation of IoT devices, data capture has evolved into a strategic component of digital transformation. The market is also benefiting from government mandates for secure identification and the rise of smart cities worldwide.

Market Trends

Growing use of RFID in retail for inventory visibility

Contactless biometrics gaining popularity in security applications

Mobile AIDC devices driving flexibility and field operations

Cloud-based solutions enabling real-time data access and analytics

Integration of AI to enhance scanning and recognition capabilities

Increased investment in warehouse automation and robotics

Market Scope

The reach of the AIDC market spans across diverse industries, including:

Retail & E-commerce: Enabling seamless checkout and inventory tracking

Healthcare: Improving patient identification and medication management

Manufacturing: Streamlining production with asset and workforce tracking

Logistics & Transportation: Enhancing shipment accuracy and route optimization

Banking & Finance: Boosting security through biometric verification

The market scope is broadening further with the rise of digital ID systems and smart infrastructure development, offering untapped opportunities for providers and integrators worldwide.

Market Forecast

The future of the AIDC market is set on an upward trajectory, driven by digital transformation and automation imperatives. As industries continue to demand precision, speed, and transparency, the reliance on AIDC systems will deepen. Technological convergence with AI, IoT, and cloud computing will fuel innovation and create scalable, intelligent systems capable of adapting to ever-evolving business needs. Companies that harness these technologies will be well-positioned to lead in a data-driven era, ensuring competitiveness and operational excellence.

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Conclusion

The Automatic Identification and Data Capture Market is not just evolving—it’s revolutionizing the way businesses operate. From warehouse automation to intelligent healthcare systems, the integration of smart data capture tools is shaping a future where decisions are faster, services are smarter, and operations are optimized.

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differenttimemachinecrusade · 3 months ago

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Automatic Identification and Data Capture Market Research Report: Global Trends and Forecast 2032

The Automatic Identification and Data Capture Market was valued at USD 60.0 billion in 2023 and is expected to reach USD 175.4 Billion by 2032, growing at a CAGR of 12.68% over 2024-2032.

The Automatic Identification and Data Capture (AIDC) Market is witnessing rapid growth, driven by the increasing need for automation, accuracy, and efficiency across industries. AIDC technologies, including barcode scanners, RFID, biometrics, and OCR, are transforming data management processes. Businesses are adopting AIDC solutions to enhance security, streamline operations, and reduce human errors.

The Automatic Identification and Data Capture Market continues to expand with the integration of artificial intelligence (AI), cloud computing, and the Internet of Things (IoT). As industries such as retail, healthcare, logistics, and manufacturing seek real-time data access, AIDC solutions are becoming essential. The rising demand for contactless transactions and digital identity verification further accelerates market adoption.

Get Sample Copy of This Report: https://www.snsinsider.com/sample-request/3875

Market Keyplayers:

Zebra Technologies – ZT600 Series Industrial Printers

Honeywell International Inc. – Honeywell Xenon 1900g Barcode Scanner

Datalogic S.p.A. – Gryphon 4500 2D Barcode Reader

Sato Holdings Corporation – CL4NX Plus Industrial Thermal Printer

Intermec (now part of Honeywell) – Intermec CN51 Mobile Computer

Keyence Corporation – SR-2000 3D Laser Scanner

Toshiba Tec Corporation – B-EX6T1 Industrial Printer

Seiko Epson Corporation – TM-T88V POS Printer

Avery Dennison Corporation – AD-830 UHF RFID Reader

NCR Corporation – NCR RealPOS Barcode Scanner

Cognex Corporation – In-Sight 7000 Vision Systems

Omron Corporation – V680-TR Vision Sensor

SICK AG – RFID System SICK RLA

Mettler Toledo – Advanced Weighing and AIDC Systems

SMARTRAC Technology – Smart Cosmos RFID Solution

Panasonic Corporation – TOUGHBOOK 33 Mobile Computer

TSC Auto ID Technology Co., Ltd. – TTP-2410MT Thermal Transfer Printer

PDC Healthcare – On-Demand Labeling Solutions for Patient Identification

Printrak International – Digital Fingerprint Solutions

Impinj Inc. – Impinj Speedway Revolution RFID Reader

Market Trends Driving Growth

Integration of AI and IoT – Smart AIDC systems are leveraging AI and IoT for real-time data tracking and automation.

Growing Adoption in E-commerce and Retail – Contactless payments, inventory tracking, and self-checkout solutions are fueling demand.

Expansion of RFID Technology – RFID is gaining traction in logistics, healthcare, and asset tracking due to its efficiency.

Rise in Biometric Identification – Increasing security concerns are driving the adoption of biometric-based authentication in banking and government sectors.

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Market Segmentation:

By Component

Hardware

RFID Reader

Barcode Scanner

Smart Cards

Optical Character Recognition Device

Integration & Installation Services

By End - Use

Manufacturing

Retail

Transportation & Logistics

Hospitality

BFSI

Healthcare

Government

Energy & power

Market Analysis and Current Landscape

Key growth factors include:

Retail and E-commerce Boom: The surge in online shopping is increasing the demand for automated checkout, warehouse management, and fraud prevention.

Healthcare Innovations: AIDC plays a vital role in patient identification, medical asset tracking, and drug verification.

Industrial Automation: Manufacturing and logistics sectors are implementing AIDC solutions for efficient supply chain management.

Government Regulations: Compliance with data security and identity verification laws is pushing the adoption of AIDC technologies.

Future Prospects: What Lies Ahead?

AI-Powered AIDC Solutions – Future innovations will integrate AI for predictive analytics and automation in data capture.

Blockchain for Secure Data Management – Blockchain technology will enhance the security and transparency of AIDC data.

5G-Powered Real-Time Data Processing – Faster connectivity will enable seamless AIDC operations across industries.

Wider Adoption in Smart Cities – AIDC will be instrumental in traffic management, surveillance, and urban planning.

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Conclusion

The Automatic Identification and Data Capture Market is evolving rapidly, offering businesses advanced solutions for efficiency, security, and automation. With AI, IoT, and blockchain driving future innovations, AIDC adoption will continue to expand across industries. As companies strive for digital transformation, AIDC technologies will play a crucial role in shaping the future of data management and identification.

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#Automatic Identification and Data Capture Market #Automatic Identification and Data Capture Market Scope #Automatic Identification and Data Capture Market Share #Automatic Identification and Data Capture Market Size #Automatic Identification and Data Capture Market Growth #Automatic Identification and Data Capture Market Trends

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deshpandeisha · 3 months ago

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Global Automatic Identification Data Capture Market Analysis: Key Players, Revenue Trends, and Demand Forecast

The global Automatic Identification And Data Capture (AIDC) market size reached USD 39.92 Billion in 2020 and is expected to register a revenue CAGR of 14.6%, during the forecast period, according to latest analysis by Emergen Research. Major factors driving global AIDC market revenue growth include rising implementation of these solutions in the e-Commerce industry and rising use in smartphones. Rising adoption of automatic identification and data capture solutions in public transportation is another factor expected to augment revenue growth of the market going ahead.

The Dallas Area Rapid Transit (DART), which is the largest municipal transit agency in North Texas, was an early adopter of biometric technology. In its trains, DART has installed facial recognition technology-basedcameras. Biometric systems are used in such cameras for a range of functions, and serve to monitor train capacity, medical emergencies, and lets authorities know whenever a specific individual is or individuals are on board. Other biometric uses include smart ID cards and smart ticketing to identify a person using face recognition in order to access public transportation systems, thereby enabling safer travelling and streamlining ticketing and passenger management processes.

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Competitive Terrain:

The global Automatic Identification Data Capture industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.

The leading market contenders listed in the report are:

Cognex Corporation, Zebra Technologies Corporation, Datalogic S.p.A., NXP Semiconductors N.V., Sick AG, Honeywell International Inc., Synaptics Inc., NEC Corporation, Seagull Scientific, Inc., Godex International Co Ltd

Key market aspects studied in the report:

Market Scope: The report explains the scope of various commercial possibilities in the global Automatic Identification Data Capture market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.

Competitive Outlook: The leading companies operating in the Automatic Identification Data Capture market have been enumerated in this report. This section of the report lays emphasis on the geographical reach and production facilities of these companies. To get ahead of their rivals, the leading players are focusing more on offering products at competitive prices, according to our analysts.

Report Objective: The primary objective of this report is to provide the manufacturers, distributors, suppliers, and buyers engaged in this sector with access to a deeper and improved understanding of the global Automatic Identification Data Capture market.

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Market Segmentations of the Automatic Identification Data Capture Market

This market is segmented based on Types, Applications, and Regions. The growth of each segment provides accurate forecasts related to production and sales by Types and Applications, in terms of volume and value for the period between 2022 and 2030. This analysis can help readers looking to expand their business by targeting emerging and niche markets. Market share data is given on both global and regional levels. Regions covered in the report are North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Research analysts assess the market positions of the leading competitors and provide competitive analysis for each company. For this study, this report segments the global Automatic Identification Data Capture market on the basis of product, application, and region:

Segments Covered in this report are:

Offering Outlook (Revenue, USD Billion; 2018–2028)

Hardware

Software

Services

Product Outlook (Revenue, USD Billion; 2018–2028)

Printer & Recorder

RFID Printers

Smart Card Printers

Label Printers

Barcode Printers

Magnetic Stripe Printers

Scanners & Readers

RFID Scanners

Magnetic Stripe Readers

Smart Card Readers

Barcode Scanners

Camera-based Scanners

CCD Barcode Scanners

Laser Barcode Scanners

Smart Card Readers

Optical Character Recognition (OCR)

Biometric Scanners

Finger Print Recognition

Face Recognition

IRIS Recognition

Voice Recognition

Others

Technology Outlook (Revenue, USD Billion; 2018–2028)

Radio Frequency Identification (RFID)

Optical Character Recognition (OCR)

Biometrics

Magnetic Strips

Smart Cards

Barcodes

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Major Geographies Analyzed in the Report:

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

ToC of the report:

Chapter 1: Market overview and scope

Chapter 2: Market outlook

Chapter 3: Impact analysis of COVID-19 pandemic

Chapter 4: Competitive Landscape

Chapter 5: Drivers, Constraints, Opportunities, Limitations

Chapter 6: Key manufacturers of the industry

Chapter 7: Regional analysis

Chapter 8: Market segmentation based on type applications

Chapter 9: Current and Future Trends

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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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jayanthitbrc · 8 months ago

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Identification (ID) Barcode Readers In Factory Automation Market Expansion 2024-2033: Growth Drivers and Dynamics

The identification (id) barcode readers in factory automation global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.

Identification (ID) Barcode Readers In Factory Automation Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.

Market Size - The identification (ID) barcode readers in the factory automation market size have grown strongly in recent years. It will grow from $2.38 billion in 2023 to $2.56 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The growth in the historic period can be attributed to improved database integration capabilities for data management, automatic data capture and process automation, advancements in mobile compatibility for ID barcode scanning, increasing adoption of ID barcode reading in diverse industries, reduced errors in data entry and record-keeping.

The identification (ID) barcode readers in the factory automation market size are expected to see strong growth in the next few years. It will grow to $3.43 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to the increasing use of image recognition applications, growing demand for precision and reliability in production, adoption of high-speed scanners for faster processing, expansion of regulatory requirements and industry standards, and increasing need for secure and tamper-resistant id verification. Major trends in the forecast period include innovation in ID barcode technology applications, compliance assurance, quality control enhancement, product innovation, and advanced barcode readers.

Order your report now for swift delivery @ https://www.thebusinessresearchcompany.com/report/identification-id-barcode-readers-in-factory-automation-global-market-report

Scope Of Identification (ID) Barcode Readers In Factory Automation Market The Business Research Company's reports encompass a wide range of information, including:

1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.

2. Drivers: Examination of the key factors propelling market growth.

3. Trends: Identification of emerging trends and patterns shaping the market landscape.

4. Key Segments: Breakdown of the market into its primary segments and their respective performance.

5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.

6. Macro Economic Factors: Assessment of broader economic elements impacting the market.

Identification (ID) Barcode Readers In Factory Automation Market Overview

Market Drivers - The increasing use of image recognition applications is expected to drive the growth of ID barcode readers in the factory automation market going forward. Image recognition refers to identifying and detecting objects or features in digital images and photographs. The demand for ID barcode readers in factory automation to enhance efficiency, traceability, and error reduction in production and inventory management processes. Image recognition uses ID barcode readers to quickly and accurately identify and process information encoded in barcode images, facilitating automated data retrieval and management. For instance, in January 2022, according to a report published by Capital Economics, a UK-based economics company, about 2% of businesses are testing AI, and 10% plan to adopt AI technologies, which equals around 62,000 and 292,000 businesses, respectively. Among AI applications, data management and analysis are the most common, used by 9% of UK firms. This is followed by natural language processing (8%), machine learning (7%), AI hardware (5%), and computer vision/image recognition (5%). Therefore, the increasing use of image recognition applications drives growth in ID barcode readers in the factory automation market.

Market Trends - Major companies operating in the identification (ID) barcode reader market in the factory automation market are focusing on innovation in ID barcode technology applications, such as compact industrial 1D code readers, to provide reliable and high-performance barcode reading capabilities. Compact industrial 1D code readers are barcode scanners designed for manufacturing and logistics environments. For instance, in January 2024, Datalogic S.p.A., an Italy-based industrial automation company, launched the Blade Series, a new line of compact industrial 1D code readers designed to provide cutting-edge traceability for the packaging and intralogistics industries. It features a solid-state 1920x128 pixel camera sensor, advanced lighting, and high-precision 1-dimensional decoding. It consistently detects labels despite discoloration, damage, wear, or low quality.

The identification (ID) barcode readers in factory automation market covered in this report is segmented –

1) By Technology: Quick Response (QR) Or Barcode Recognition, Object Recognition, Facial Recognition, Pattern Recognition, Optical Character Recognition 2) By Offering: Hardware, Software, Services 3) By Deployment: Cloud, On-Premise 4) By Application: Augmented Reality, Scanning And Imaging, Security And Surveillance, Marketing And Advertising, Image Search 5) By End Use: Automobile And Transportation, Banking, Financial Services, And Insurance (BFSI), Government, Healthcare, Information Technology (IT) And Telecom, Media And Entertainment, Retail And E-Commerce, Other End Uses

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Regional Insights - North America was the largest region in the identification (ID) barcode readers in the factory automation market in 2023. The regions covered in the identification (ID) barcode readers in factory automation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Key Companies - Major companies operating in the identification (ID) barcode readers in factory automation market are Hitachi Ltd., Siemens AG, Qualcomm Technologies Inc., Mitsubishi Electric Corporation, Schneider Electric SE, Honeywell International Inc., ABB Ltd., Toshiba Corporation, Ricoh Company Ltd., Emerson Electric Co., Rockwell Automation Inc., Keyence Corporation, Omron Electronics LLC, Zebra Technologies, Cognex Corporation, Data Logic S.p.A, Jadak LLC, ECOM Instruments GmbH, Clarifai Inc., Wikitude GmbH, Custom Sensors Inc

Table of Contents 1. Executive Summary 2. Identification (ID) Barcode Readers In Factory Automation Market Report Structure 3. Identification (ID) Barcode Readers In Factory Automation Market Trends And Strategies 4. Identification (ID) Barcode Readers In Factory Automation Market – Macro Economic Scenario 5. Identification (ID) Barcode Readers In Factory Automation Market Size And Growth ….. 27. Identification (ID) Barcode Readers In Factory Automation Market Competitor Landscape And Company Profiles 28. Key Mergers And Acquisitions 29. Future Outlook and Potential Analysis 30. Appendix

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globalgrowthinsights · 11 months ago

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Automatic Identification and Data Capture Market: Dissecting the Factors Steering Growth and Potential Risks

Automatic Identification and Data Capture Market provides in-depth analysis of the market state of Automatic Identification and Data Capture manufacturers, including best facts and figures, overview, definition, SWOT analysis, expert opinions, and the most current global developments. The research also calculates market size, price, revenue, cost structure, gross margin, sales, and market share, as well as forecasts and growth rates. The report assists in determining the revenue earned by the selling of this report and technology across different application areas.

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Automatic Identification and Data Capture in these regions till the forecast period

North America

Middle East and Africa

Asia-Pacific

South America

Europe

Key Attentions of Automatic Identification and Data Capture Market Report:

The report offers a comprehensive and broad perspective on the global Automatic Identification and Data Capture Market.

The market statistics represented in different Automatic Identification and Data Capture segments offers complete industry picture.

Market growth drivers, challenges affecting the development of Automatic Identification and Data Capture are analyzed in detail.

The report will help in the analysis of major competitive market scenario, market dynamics of Automatic Identification and Data Capture.

Major stakeholders, key companies Automatic Identification and Data Capture, investment feasibility and new market entrants study is offered.

Development scope of Automatic Identification and Data Capture in each market segment is covered in this report. The macro and micro-economic factors affecting the Automatic Identification and Data Capture Market

Advancement is elaborated in this report. The upstream and downstream components of Automatic Identification and Data Capture and a comprehensive value chain are explained.

Browse More Details On This Report at @https://www.globalgrowthinsights.com/market-reports/automatic-identification-and-data-capture-market-100569

Global Growth Insights

Web: https://www.globalgrowthinsights.com

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rubina234 · 2 years ago

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tagxdata22 · 2 years ago

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What is AI-based Visual Inspection and its Use cases ?

Visual checks form an essential part of quality management in almost every industrial and manufacturing process. However, the task requires dedicated employees and is repetitive when conducted manually. Technological innovation now means that it is possible to improve productivity and guarantee consistency, thanks to artificial intelligence. Today's forward-thinking manufacturers are deploying AI-based visual inspection to reduce errors and detect anomalies with impressive accuracy. Automated visual inspection techniques can help save your business time, effort, and money. Read on to discover how automatic visual evaluation and a deep learning approach can save significant time and effort.

What is Visual Inspection?

Visual inspection is a process of evaluating objects, materials, or systems using human eyes to identify defects, irregularities, or specific attributes. It is a fundamental quality control technique employed across various industries to ensure the accuracy, integrity, and compliance of products or processes. Visual inspection involves careful observation and assessment of visual cues such as color, shape, size, texture, and overall appearance to make informed judgments about the condition or quality of the subject under scrutiny. While traditionally a manual process, advancements in technology have led to the integration of automation and artificial intelligence, enhancing the precision, efficiency, and scope of visual inspection tasks.

What Is AI-Based Visual Inspection?

AI-based visual inspection refers to the integration of artificial intelligence (AI) and computer vision technologies in the process of inspecting and evaluating products or components visually. This approach enhances traditional visual inspection methods by utilizing advanced algorithms, machine learning, and deep learning techniques to analyze images or videos for defects, irregularities, or specific attributes. In AI-based visual inspection, high-definition cameras capture visual data, which is then processed and analyzed by AI algorithms. These algorithms can identify patterns, anomalies, or specific features that might be difficult to detect by human eyes alone. Through training on labeled datasets, the AI system learns to recognize different characteristics and make informed decisions about the quality or condition of the items being inspected.

The benefits of AI-based visual inspection include increased accuracy, consistency, and efficiency compared to manual inspections. It can handle large volumes of data quickly and perform inspections at a much higher speed. This technology is employed in various industries, such as manufacturing, quality control, automotive, electronics, healthcare, and more, to ensure products meet predetermined specifications and standards. AI-based visual inspection represents a significant advancement in quality control processes, leveraging the power of artificial intelligence to enhance accuracy and streamline inspection tasks.

Real-world applications of AI Visual inspection

AI-based visual inspection finds wide-ranging applications across various industries due to its accuracy, speed, and ability to detect subtle nuances that might escape human eyes. Some notable real-world applications include:

Product Defect Detection: AI-driven visual inspection automates the identification of defects in manufactured products. It's used to spot cosmetic issues, misalignments, faulty welds, or assembly errors, ensuring only high-quality items reach the market.

Damage Detection: The technology is leveraged to autonomously identify damage in equipment, structures, or buildings. It can swiftly spot surface cracks, dents, structural integrity issues, or even water damage, facilitating prompt maintenance and preventing further deterioration.

Corrosion Monitoring and Detection: In industries dealing with infrastructure, pipelines, storage tanks, and vessels, AI-powered visual inspection monitors corrosion levels. It aids in identifying the early stages of corrosion, allowing for proactive maintenance and minimizing risks.

Equipment Inventory Management: AI streamlines asset management by automatically tagging and recording equipment details. Visual inspection helps read and transcribe equipment tags, thereby cataloging them efficiently into a database, and simplifying inventory tracking.

Quality Assurance in Food Production: AI visual inspection is used to scrutinize food products for quality control. It can identify size, shape, color, and defect irregularities, ensuring only safe and high-quality items reach consumers.

Pharmaceutical Inspection: In pharmaceuticals, AI-based visual inspection ensures the integrity of medications by detecting imperfections in pills, capsules, or packaging, thus upholding stringent safety standards.

Agricultural Yield Estimation: AI-driven visual inspection assists in estimating crop yields by analyzing images of fields. This aids farmers in making informed decisions about resource allocation and harvesting times.

Security and Surveillance: The technology enhances security by autonomously monitoring areas for suspicious activity. It identifies unauthorized personnel, intrusions, or unusual behaviors in real-time, improving overall safety.

Automotive Manufacturing: AI-based visual inspection verifies the quality of automotive components during production, catching issues such as paint defects, misalignments, or faulty components before they escalate.

Medical Diagnostics: In medical imaging, AI-powered visual inspection aids in diagnosing diseases by analyzing medical images, identifying anomalies, and assisting medical professionals in making accurate decisions.

Retail Inventory Management: AI visual inspection can help in stock management by automatically counting items on shelves and comparing them to inventory records, reducing human error and ensuring accurate stock levels.

Advantages Of AI-Based Visual Inspection

Below are some common reasons you should choose automated visual inspection for quality testing.

Enhanced Precision: AI-powered visual inspection offers unparalleled accuracy in identifying even the minutest defects or irregularities, surpassing human visual capabilities.

Consistent Performance: Automated systems maintain a consistent level of performance regardless of factors like fatigue or external distractions, ensuring reliable and standardized results.

High-Speed Analysis: AI-based inspection processes data rapidly, enabling quick decision-making and efficient handling of large volumes of visual data in real time.

Cost-Efficiency: Once set up, AI visual inspection systems reduce labor costs and operational expenses by streamlining the inspection process and minimizing the need for extensive human involvement.

Risk Mitigation: By deploying AI in hazardous environments or situations, organizations can protect human workers from potential dangers while maintaining quality control.

Complex Pattern Recognition: AI algorithms excel at recognizing intricate patterns, making them suitable for tasks that involve analyzing intricate details, textures, or complex shapes.

Data-Driven Insights: The data generated by AI-based inspections can offer valuable insights into production processes, allowing for continuous improvement and optimization.

Reduced Error Rates: Automated inspections minimize human error, contributing to higher accuracy levels and reducing the risk of faulty products reaching consumers.

Scalability: AI inspection can be easily scaled up or down to meet varying production demands without compromising accuracy or efficiency.

Data Annotation for Visual Inspection AI

Data annotation is a fundamental process in the realm of computer vision, specifically for tasks involving visual inspection. In this context, data annotation refers to the meticulous labeling of images or videos with specific attributes, such as object boundaries, classifications, or semantic features. The need for data annotation in visual inspection using computer vision arises from several critical factors:

Training Machine Learning Models: Computer vision models, particularly those driven by machine learning algorithms, require substantial amounts of labeled data to learn and generalize from. By annotating images with accurate labels, the models can identify patterns, make informed decisions, and perform visual inspections with high precision.

Quality Control and Defect Detection: Visual inspection is often employed in quality control and defect detection scenarios. For instance, in manufacturing industries, products are visually inspected for defects, and these defects need to be precisely labeled for the model to recognize and classify them accurately.

Semantic Understanding: Data annotation facilitates semantic understanding. It enables the model to differentiate between objects, identify their positions, and understand their relationships within an image. This is crucial for applications like object counting, locating specific features, or measuring dimensions.

Complex Task Handling: Many visual inspection tasks involve intricate or subjective criteria that cannot be solely determined by automated algorithms. Human annotators with domain expertise can label such nuanced attributes effectively, ensuring the accuracy of the model's predictions.

Diverse Scenarios: Visual inspection occurs across a broad spectrum of industries, from healthcare and automotive to agriculture and electronics. Data annotation allows models to adapt to the unique attributes and variations of each domain, making it versatile for various applications.

Model Validation: Labeled data serves as a benchmark for evaluating model performance. With annotated data, the model's predictions can be compared to ground truth, allowing for continuous refinement and improvement of the algorithm.

Human-AI Collaboration: Data annotation promotes a symbiotic relationship between humans and AI. While automation can handle large volumes of data, human annotators are vital for refining complex or ambiguous cases, enhancing the model's accuracy.

Data annotation for visual inspection using computer vision is the cornerstone upon which accurate and reliable AI models are built. It bridges the gap between raw visual data and AI understanding, empowering machines to perform complex tasks with the precision and reliability required for critical applications.

Conclusion

In a world saturated with visual data, the significance of AI-powered visual inspection cannot be overstated. The transformational impact it brings to quality control, efficiency, and accuracy is reshaping industries at their core. What was once a manual and time-consuming process has evolved into a realm where machines, armed with advanced algorithms and deep learning, can scrutinize vast volumes of visual data swiftly and precisely.

At TagX, we recognize the immense potential of AI visual inspection and stand ready to guide you on this journey. Our expertise lies in translating this potential into reality by providing tailored data solutions for various applications of AI visual inspection. Our dedicated team brings years of experience in Data collection, curation, and data annotation, enabling businesses to harness the full potential of computer vision solutions. With TagX by your side, you can unlock the true power of visual data, scale your visual technologies, and achieve unparalleled accuracy in detection and analysis.

#artificial intelligence #machine learning #data annotation for ml #data annotation services

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tumb11 · 3 years ago

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Europe Towed Buoys Market 2022: Current and Future Market Potential by types and by end use industries

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shital1998 · 3 years ago

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Automatic Identification and Data Capture Market- Opportunity Analysis and Industry Forecast (2021-2028)

Meticulous Research®– a leading global market research company published a research report titled “Automatic Identification and Data Capture Market by Technology (Barcode, RFID, Biometrics, and Smart cards), Product (Scanner, Mobile Computers, and Software), End-User (Logistics, Healthcare, BFSI, Manufacturing, and Retail)- Global Forecast to 2028”.

According to this latest publication from Meticulous Research®, the global Automatic Identification and Data Capture (AIDC) market is expected to grow at a CAGR of 11% from 2021 to reach $115.8 billion by 2028. In terms of volume, the global AIDC market is expected to reach 819.6 million units by 2028 growing with a CAGR of 12.2% from 2021 to 2028.

The growth of automatic identification and data capture (AIDC) market is majorly attributed to the factor such as increasing need to reduce manual data capture & entry errors across different end-use sectors, positive government initiatives for the use of AIDC technology, and consistent rise in the use of AIDC systems in the e-commerce sector. Furthermore, the growing use of AIDC technologies in emerging economies and the diversified incorporation of AIDC systems across the healthcare sector offer new market growth opportunities. However, high capital investment for deploying RFID & biometric systems and lack of awareness towards AIDC applications in developing countries may restrict the growth of this market in the forecast period. In addition, the vulnerability of AIDC technology to cyber-threats is also a key challenge for market growth.

Global automatic identification and data capture market study presents historical market data (2019 & 2020), estimated current data (2021), and forecasts for 2028. The market is segmented on the basis of technology, product, end user, and geography. The study also evaluates industry competitors and analyzes the market at the country level.

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Scope of the Report:

Automatic Identification And Data Capture Market, by Technology

Barcode

RFID

Biometrics

Smart Cards

Magnetic Strips

OCR

Automatic Identification And Data Capture Market, by Product

Pen Type Readers

Laser Barcode Scanners

CCD Barcode Scanners

Camera-based Scanners

Contact Type

Contactless

Face Recognition

Voice Recognition

Finger Print Recognition

IRIS Recognition

Dot Matrix Printers

InkJet Printers

Laser Printers

Thermal Printers

Barcode Labels

RFID Tags & Sticker

Thermal Transfer Ribbon/Foil

Automatic Identification And Data Capture Market, by End User

Retail

Manufacturing

Transport & logistics

Banking and Financial

Healthcare

Others

Automatic Identification And Data Capture Market, by Geography

U.S.

Canada

Germany

France

U.K.

Italy

Spain

Rest of Europe

Japan

China

India

Indonesia

Singapore

Vietnam

Rest of Asia Pacific

Mexico

Brazil

Rest of Latin America

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Based on technology, the AIDC market is segmented into barcode, RFID, biometrics, smart cards, and magnetic stripe. Among these, the biometric technology segment is estimated to account for the largest share of the overall automatic identification and data capture market in 2021 and is projected to grow with the highest CAGR during the forecast period. The large share of this segment is mainly attributed to the increasing demand for biometric devices, particularly in BFSI, security, healthcare, and transport & logistics. In addition, the growing need for contactless biometric devices due to the COVID-19 pandemic also encourages the demand for biometric devices and contributes to the high growth of biometric technology in the global automatic identification and data capture market.

Based on product, the AIDC market is segmented into scanners & readers, printers & recorders, biometric scanners, mobile computers, AIDC consumables, and software. Among these, the biometric scanners segment is expected to account for the largest share of the automatic identification and data capture market in 2021. The large share of the segment is attributed to the increase in demand for AIDC systems to reduce personalized data entry errors, consistently growing identity frauds, the growing significance of access control and increasing demand for contactless data access post-COVID-19.

RFID scanners are expected to grow with the highest growth rate over the forecast period. With the growing demand for contactless data entry processes and flourishing transportation & logistics sector post-COVID-19, particularly in the cold chain for vaccination distribution, RFID scanners are expected to grow with considerable growth over the forecast period.

In terms of volume, AIDC consumables accounted for the largest share in the overall AIDC market. Consistently growing demand for RFID tags and stickers, barcode labels, and thermal transfer ribbon and foil in proportion to the growth in RFID and barcode technology across different end users are contributing to the growth of the AIDC consumables segment.

Based on end user, the AIDC market is segmented into transportation & logistics, healthcare, banking and financial, manufacturing, retail, and others. Among these, transport & logistics is a perpetually growing sector and expected to account for the largest share in 2021, owing to the consistent advancement in the AIDC technology for transportation and logistics applications. This has helped the sector push the boundaries and transform the nature of business by integrating AIDC technology for proper workflow and supply chain management.

However, the healthcare sector is anticipated to grow at the highest CAGR from 2021 to 2028, owing to the high requirement of enhancing patient safety, managing surgical instruments & their location, supporting staff and patient workflow, authenticating the quality and sterilization processes, and growing investment in R&D for exploring and expanding applications of AIDC devices in the healthcare industry.

Access full Report Description, TOC, Table of Figure, Chart, etc: https://www.meticulousresearch.com/product/automatic-identification-and-data-capture-market-5056

Geographic Review:

Geographically, the AIDC market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The Asia-Pacific region is estimated to account for the largest share of the global automatic identification and data capture market in 2021 and is expected to continue to dominate the global market by 2028. The large share of this region is attributed to the wide acceptance of advanced technologies and positive government encouragement towards error-free data capture, particularly for BFSI, healthcare, and the retail industry. Growing per capita income, rising consumption capacities with a large population base, and high economic growth rate are expected to contribute to the highest growth of this market in this region over the forecast period.

Key Players:

Some of the key AIDC market players operating in the market are B.O.S. Better Online Solutions Ltd. (Israel), TSC Auto ID Technology Co. Ltd. (Taiwan), Epson America, Inc. (U.S.), Avery Dennison Corporation (U.S.), Alien Technology Corporation (U.S.), Newland EMEA (Netherlands), Seagull Scientific, Inc. (U.S.), Zebra Technologies Corporation (U.S.), Honeywell International Inc. (U.S.), Datalogic S.P.A (Italy), Bluebird Inc. (South Korea), Godex International (Taiwan), Code Corporation (U.S.), Toshiba Tec Corporation (Japan), SATO Holdings Corporation (Japan), JADAK (U.S.), Cognex Corporation (U.S.), Axicon Auto Id Ltd. (U.K.), Omron Microscan Systems, Inc. (U.S.), Unitech Electronics Co. Ltd. (Taiwan), Opticon Sensors Europe B.V. (Netherlands), Impinj, Inc. (U.S.), Cardlogix Corporation (U.S.), NEC Corporation (Japan), Winmate, Inc. (Taiwan), Fujitsu Ltd. (Japan), HID Global Corporation (U.S.), BioRugged (South Africa), Aratek (Taiwan), Suprema, Inc. (South Korea), Thales Group (Gemalto NV) (France), Integrated Biometrics LLC (U.S.), Iris ID, Inc. (U.S.), and IDEMIA (France).

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Key questions answered in the report-

Which are the high-growth market segments in terms of technology, product offering, end user, and countries?

What was the historical market for automatic identification and data capture devices across the globe?

What are the market forecasts and estimates for the period 2021-2028?

What are the major drivers, restraints, and opportunities in the global automatic identification and data capture market?

Who are the major players in the global automatic identification and data capture market?

Who are the major players in various countries, and what share of the market do they hold?

How is the competitive landscape in the global automatic identification and data capture market?

What are the recent developments in the global automatic identification and data capture market?

What are the different strategies adopted by the major players in the global automatic identification and data capture market?

What are the key geographic trends and which are the high growth countries?

Who are the local emerging players in the global smart transportation market, and how do they compete with the other players?

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nandinipatil · 4 years ago

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Automatic Identification And Data Capture (AIDC) Market

Global Automatic Identification and Data Capture (AIDC) Market is valued at USD 41.23 Billion in 2020 and is expected to reach USD 108.21 Billion by 2027 with a CAGR of 14.78% over the forecast period.

Scope of Global Automatic Identification and Data Capture (AIDC) Market Report

Automatic identification and data capture (AIDC) or automatic data capture system is an improved technique used for the automatic recognition of assets and objects, gather information, and record figures directly into computer systems. It is a class of innovative technology that is used to collect information from diverse sources like individuals, picture, question, or sound deprived of manual material section. It is also recognized as the technique used for the identification as well as recognition of entities. AIDC services are transducer to transform and record actual data into a digital file. This digital file includes audio, images, and other digital data that can be unswervingly arrived at a computer without human intervention.

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shashiemrf · 4 years ago

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Feeding System Market Analysis By Key Manufacturers, Regions, Type And Application 2023

Market Highlights

The study reveals that Feeding Systems are trending in North America region. The increasing demand of various types of feeding system is expected to open up new growth opportunities in the US is one the key factors driving this market growth. Moreover, the feeding systems market has been segmented on the basis of the offering, the feeding systems market has been classified into hardware, software, and service. Several other factors, such as standardization of hardware and software systems has enhanced the performance of these hardware and software systems. The hardware offering segment is marked to lead the feeding systems market during the forecast period.

The study indicates that the feeding systems market has been classified into rail guided system, conveyor belt system, and self-propelled system. The manual feeding of livestock is very costly and time-consuming process due to large-scale labor involvement in it. And the hardware and software feeding solutions enable automatic identification of livestock and data capturing, which result in accurate and quick tracking of livestock and their feeding.

The Feeding System market is growing rapidly over 8.6% of CAGR and is expected to reach at USD ~$1,411.21 Million by the end of forecast period.

Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “The Feeding System Market Research Report -Forecast to 2023”.

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Feeding System Market Segmentation The Feeding System Market has been segmented on the basis offering, product, analysis, end users and region. Looking through the end-user segment it has been observed that the feeding systems have proven extremely reliable and robust. Various solutions are tailored to meet the needs whether it be mounted in a feeding barge, at a hatchery or be installed as a complete package in the container solution. All the components are made in order to have a long life and our experiences are so good that it has given us the necessary confidence to offer the best guarantee on the market.

The prominent players in the Feeding System market are : Cormall AS (Denmark), GEA Group AG (Germany), Lely Holding S.A.R.L (Netherlands), Agrologic Ltd (Israel), DairyMaster (Ireland), Rovibec Agrisolutions Inc. (Canada), DeLaval Holding AB (Sweden), Trioliet B.V. (Netherlands), and Cormall AS (Denmark) among others.

Market Research Analysis: On geographic basis, Feeding System market is studied in different regions as North America, Europe, Asia-Pacific and Rest of world. It has been observed that North America region is leading with the highest growth rate in the Feeding System market as the reduced time and cost associated with feeding management are encouraging the livestock owners to adopt different types of feeding systems has boosted the growth & demand of Feeding System in this region. Europe is expected to show slower growth rate compared to other regions in the Feeding System market. The developing economies in Asia-pacific regions like China, Japan, India and others are propelled to good growth in the Feeding System market.

Table of Content:

1 MARKET INTRODUCTION

1.1 INTRODUCTION

1.2 SCOPE OF STUDY

1.2.1 RESEARCH OBJECTIVE

1.2.2 ASSUMPTIONS

1.2.3 LIMITATIONS

1.3 MARKET STRUCTURE:

1.3.1 GLOBAL FEEDING SYSTEM MARKET : BY OFFERING

1.3.2 GLOBAL FEEDING SYSTEM MARKET : BY PRODUCT

1.3.3 GLOBAL FEEDING SYSTEM MARKET : BY ANALYSIS

1.3.4 GLOBAL FEEDING SYSTEM MARKET : BY END USER

1.3.5 GLOBAL FEEDING SYSTEM MARKET : BY REGION

2 RESEARCH METHODOLOGY

2.1 RESEARCH PRODUCT

2.2 PRIMARY RESEARCH

2.3 SECONDARY RESEARCH

2.4 FORECAST MODEL

3 MARKET DYNAMICS

3.1 INTRODUCTION

3.2 MARKET DRIVERS

3.3 MARKET CHALLENGES

3.4 MARKET OPPORTUNITIES

4 EXECUTIVE SUMMARY

5. MARKET FACTOR ANALYSIS

5.1 PORTER’S FIVE FORCES ANALYSIS

5.2 SUPPLY CHAIN ANALYSIS

6 FEEDING SYSTEM MARKET

6.1 INTRODUCTION

6.2 MARKET STATISTICS

6.2.1 BY OFFERINGS

6.2.1.1 HARDWARE

6.2.1.2 SOFTWARE

6.2.1.3 SERVICES

6.2.1.4 OTHERS

6.2.2 BY PRODUCT

6.2.2.1 SELF-PROPELLED SYSTEM

6.2.2.2 RAIL GUIDED SYSTEM

6.2.2.3 CONVEYOR BELT SYSTEM

6.2.2.4 OTHERS

6.2.3 BY ANALYSIS

6.2.3.1 SUPPLY AND CONSUMPTION ANALYSIS

6.2.3.2 PRODUCTION ANALYSIS

6.2.3.3 SALES AND REVENUE ANALYSIS

6.2.3.4 OTHERS

6.2.4 BY END-USER

6.2.4.1 SWINE FARM

6.2.4.2 EQUINE FARM

6.2.4.3 POULTRY FARM

6.2.4.4 DAIRY FARM

6.2.4.5 OTHERS

6.2.5 BY REGION

6.2.5.1 NORTH AMERICA

6.2.5.2 EUROPE

6.2.5.3 ASIA PACIFIC

6.2.5.4 REST OF THE WORLD

7 COMPANY PROFILES

7.1 CORMALL AS (DENMARK)

7.2 GEA GROUP AG (GERMANY)

7.3 LELY HOLDING S.A.R.L (NETHERLANDS)

7.4 AGROLOGIC LTD (ISRAEL)

7.5 DAIRYMASTER (IRELAND)

7.6 ROVIBEC AGRISOLUTIONS INC. (CANADA)

7.7 DELAVAL HOLDING AB (SWEDEN)

7.8 TRIOLIET B.V. (NETHERLANDS)

7.9 CAMERON-SCHLUMBERGER LTD. (U.S)

7.10 CORMALL AS (DENMARK)

7.11 OTHERS

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About Us

Market Research Future (MRFR) is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.

We at MRFR provide syndicated and customized reports to clients as per their liking. Our consulting services are aimed at eliminating business risks and driving the bottomline margins of our clients. The hands-on experience of analysts and capability of performing astute research through interviews, surveys, and polls are a statement of our prowess. We constantly monitor the market for any fluctuations and update our reports on a regular basis.

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blueweave · 4 years ago

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Global Electronic Toll Collection Market Growing Massively: Expected to Reach USD 13.65 Billion by 2027

A recent study conducted by the strategic consulting and market research firm BlueWeave Consulting revealed that the global Electronic Toll Collection market was worth USD 6.23 billion in 2020. According to the study, the market is expected to grow at the CAGR of 11.86% during 2021–2027 (forecast period), earning revenue of around USD 13.65 billion by the end of 2027. The ability of ETC to reduce accidents, traffic congestion, and pollution, as well as strong government policies to expedite electronic toll collection, broader acceptance of cashless payments, and growing usage of innovative mobility technology, are all contributing to the growth of the global Electronic Toll Collection market.

Strong government support to accelerate electronic toll collection is propelling the market growth

The electronic toll collection market is primarily propelled by the initiatives commenced by diverse governments to accomplish speedy freight or congestion-free transportation on urban areas and highways. To boost the consumption of electronic toll collection services, nations are carrying out concessional systems for drivers. Toll collection systems on highways are being installed by the government in emerging nations such as India and Indonesia, which is driving massive growth in the electronic toll collection market. Through such initiatives, vehicles can freely move up and down roads, and toll charges can be collected electronically to alleviate the queuing problem at toll marketplaces. Considering its advantages, numerous countries have used radio-frequency identification-based mobility management and monitoring systems.

In December 2020, The World Bank and the Government of India declared a USD 500 million project to grow safe and green national highway corridors under the Ministry of Road Transport and Highways (MoRTH). As a result, India plans to build 65,000 kilometres of motorways with a USD 741.5 billion investment by 2022.

Greater convenience and flexibility cashless payments Fueling the Market Growth

Before the Covid-19 pandemic, favourable government policies, superior accessibility, and increasingly savvy consumer behaviour promoted the market for cashless payments. The governments of several nations have also launched initiatives to reduce the cost of currency production and combat counterfeit money, thus generating a more favourable environment for digital and cashless payments.

The administration’s efforts to improve infrastructure, as well as the growing number of people who end up in long queues, are driving forces behind the adoption of cashless payments in the road transportation system. Additionally, the ongoing pandemic is enabling the electronic toll system to move towards cashless payment.

Based on Technology, the automatic vehicle identification (AVI) Segment Holds the Largest Share in Global Electronic Toll Collection Market

Based on technology types, the global electronic toll collection market is divided into automatic vehicle classification (AVC), violation enforcement system (VES), automatic vehicle identification (AVI), and transaction processing. The Automatic Vehicle Classification (AVC) segment of the electronic toll collection market holds the largest market share. The segment was valued at USD 1.96 billion in 2020 and is likely to reach USD 4.22 billion by 2027, projecting a CAGR of 11.58%, during the forecast period.

Automatic Vehicle Classification systems use sensors in toll lanes to classify and differentiate cars from other vehicles so that proper tolling may be applied. The most common method for autonomous vehicle categorization is to use overhead equipment (infrared or laser detectors) or smart sensor loops embedded in the roadside, but sensors can also be placed on the pavement. The detectors are capable of classifying and perceiving vehicles in all-electronic tolling environments or open road tolling.

Global Electronic Toll Collection Market: Regional Insights

Based on region, the global Electronic Toll Collection market is segmented into North America, Europe, the Asia-Pacific, Rest of the world. During the forecast period, North America is expected to continue to lead the ETC market by capturing the largest market share. One of the main reasons for ETC’s growth is the high number of personal vehicles in the USA and Canada, which are two of the largest nations in North America. Furthermore, both countries have extensive networks of state and interstate highways with electronic toll collection systems at several locations and certain toll installations on roads with high traffic. Also. Raytheon (US), TransCore (US), and Conduent (US) are major players in this market with bases in this region and operations across the globe. They contribute significantly to the growth of the ETC market in North America.

Impact of COVID-19 Outbreak on the Global Electronic Toll Collection Market

The pandemic has had a noticeable impact on global economic growth. According to the estimates by the United Nations, the global economy could shrink by almost 0.9–1% this year. Before the outbreak, the World Economic Situation and Prospects 2020 had predicted world output to expand at a modest pace of 2.5% in 2020. Similarly, estimates by the Organization for Economic Cooperation and Development (OECD) project a 0.5–1.5% decrease depending on the contained outbreak and downside scenario, respectively. An electronic tolling system uses several electronic devices and components, including controllers, cameras, transponders, RFID chips, and so on. Among the most severely affected countries due to COVID-19 are China and the United States, which provide major raw materials and components. Thus, the supply chain of electronic components and devices have been directly affected by the closure of borders and the imposition of nationwide lockdowns imposed by the governments of different countries as preventive measures. Moreover, adherence to stringent regulations and guidelines in the transacting countries slowed down the supply of raw materials to manufacturers and delayed delivery of products to integrators, resulting in supply chain disruptions.

Competitive Landscape

The global Electronic Toll Collection market is highly fragmented. It has a wide scope for new entrants as the demand from consumers is endless. Some of the key players in the market are Autostrade Per L’italia SPA, Jenoptik, Q-Free ASA, Cubic Corporation, Xerox Corporation, Thales SA, Kapsch Traffic AG, Conduent Inc, Siemens AG, Quarterhill Inc, Raytheon Co., other prominent players.

Don’t miss the business opportunity of the global Electronic Toll Collection market. Consult our analysts to gain crucial insights and facilitate your business growth.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of global Electronic Toll Collection market size & forecast. The report promises to provide recent technology trends of the global Electronic Toll Collection market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.

About Us

BlueWeave Consulting provides comprehensive Market Intelligence (MI) Solutions to businesses regarding various products and services online & offline. We offer all-inclusive market research reports by analysing both qualitative and quantitative data to boost up the performance of your business solutions. BWC has built its reputation from the scratches by delivering quality inputs and nourishing long-lasting relationships with its clients. We are one of the promising digital MI solutions companies providing agile assistance to make your business endeavours successful.

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blueweave8 · 4 years ago

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Electronic Toll Collection Market Outlook and Demand

A recent study conducted by the strategic consulting and market research firm BlueWeave Consulting revealed that the global Electronic Toll Collection market was worth USD 6.23 billion in 2020. According to the study, the market is expected to grow at the CAGR of 11.86% during 2021-2027 (forecast period), earning revenue of around USD 13.65 billion by the end of 2027. The ability of ETC to reduce accidents, traffic congestion, and pollution, as well as strong government policies to expedite electronic toll collection, broader acceptance of cashless payments, and growing usage of innovative mobility technology, are all contributing to the growth of the global Electronic Toll Collection market.

Strong government support to accelerate electronic toll collection is propelling the market growth

In December 2020, The World Bank and the Government of India declared a USD 500 million project to grow safe and green national highway corridors under the Ministry of Road Transport and Highways (MoRTH). As a result, India plans to build 65,000 kilometers of motorways with a USD 741.5 billion investment by 2022.

Greater convenience and flexibility cashless payments Fueling the Market Growth

Before the Covid-19 pandemic, favorable government policies, superior accessibility, and increasingly savvy consumer behavior promoted the market for cashless payments. The governments of several nations have also launched initiatives to reduce the cost of currency production and combat counterfeit money, thus generating a more favorable environment for digital and cashless payments.

The administration's efforts to improve infrastructure, as well as the growing number of people who end up in long queues, are driving forces behind the adoption of cashless payments in the road transportation system. Additionally, the ongoing pandemic is enabling the electronic toll system to move towards cashless payment.

Sample Copy of the report :https://www.blueweaveconsulting.com/report/global-electronic-toll-collection-market-report/report-sample

Based on Technology, the automatic vehicle identification (AVI) Segment Holds the Largest Share in Global Electronic Toll Collection Market

Global Electronic Toll Collection Market: Regional Insights

Based on region, the global Electronic Toll Collection market is segmented into North America, Europe, the Asia-Pacific, Rest of the world. During the forecast period, North America is expected to continue to lead the ETC market by capturing the largest market share. One of the main reasons for ETC's growth is the high number of personal vehicles in the USA and Canada, which are two of the largest nations in North America. Furthermore, both countries have extensive networks of state and interstate highways with electronic toll collection systems at several locations and certain toll installations on roads with high traffic. Also, . Raytheon (US), TransCore (US), and Conduent (US) are major players in this market with bases in this region and operations across the globe. They contribute significantly to the growth of the ETC market in North America.

Impact of COVID-19 Outbreak on the Global Electronic Toll Collection Market

The pandemic has had a noticeable impact on global economic growth. According to the estimates by the United Nations, the global economy could shrink by almost 0.9-1% this year. Before the outbreak, the World Economic Situation and Prospects 2020 had predicted world output to expand at a modest pace of 2.5% in 2020. Similarly, estimates by the Organization for Economic Cooperation and Development (OECD) project a 0.5-1.5% decrease depending on the contained outbreak and downside scenario, respectively. An electronic tolling system uses several electronic devices and components, including controllers, cameras, transponders, RFID chips, and so on. Among the most severely affected countries due to COVID-19 are China and the United States, which provide major raw materials and components. Thus, the supply chain of electronic components and devices have been directly affected by the closure of borders and the imposition of nationwide lockdowns imposed by the governments of different countries as preventive measures. Moreover, adherence to stringent regulations and guidelines in the transacting countries slowed down the supply of raw materials to manufacturers and delayed delivery of products to integrators, resulting in supply chain disruptions.

Competitive Landscape

About Us

BlueWeave Consulting provides comprehensive Market Intelligence (MI) Solutions to businesses regarding various products and services online & offline. We offer all-inclusive market research reports by analyzing both qualitative and quantitative data to boost up the performance of your business solutions. BWC has built its reputation from the scratches by delivering quality inputs and nourishing long-lasting relationships with its clients. We are one of the promising digital MI solutions companies providing agile assistance to make your business endeavors successful.

BlueWeave Consulting & Research Pvt. Ltd

+1 866 658 6826 | +1 425 320 4776 | +44 1865 60 0662

[email protected]

#Electronic Toll Collection Market #Electronic Toll Collection Market Outlook #electronic toll collection market demand

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updatemarketanalysisreport · 4 years ago

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Satellite Communication (SATCOM) Market: Share, Size, Analyzed by Business Growth and Forecast To 2026

According to the latest report by IMARC Group, titled “Satellite Communication (SATCOM) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global satellite communication (SATCOM) market size exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the global satellite communication (SATCOM) market to grow at a CAGR of around 8% during 2021-2026. Satellite communication (SATCOM) refers to a technology that facilitates smooth communication by transmitting radio waves from satellites. These signals are further captured and processed through transponders located on the ground. It uses artificial satellites for voice, video and audio transmission that allow radio broadcasting, navigation, and weather monitoring in a seamless manner. SATCOM also offers secure, uninterrupted and private communication as well as stable network connectivity across rural locations and developing countries.

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally–our estimates about the latest market trends and forecast values after considering the impact of this pandemic.

Request Free Sample Report: https://www.imarcgroup.com/satellite-communication-market/requestsample

Market Trends:

The global market is majorly driven by continual technological advancements in the aerospace, defense and telecom sectors. Moreover, the widespread integration of the Internet of Things (IoT) and artificial intelligence (AI) with SATCOM is also creating a positive outlook for the market. IoT devices widely utilize satellite connectivity to transmit and exchange real-time data during flight operations and air traffic management, thereby providing an impetus to the market growth. Moreover, the rising adoption of the SATCOM telemetry and automatic identification system in the defense sector to assist in tracking and identifying marine vehicles across the globe is further propelling the market growth.

Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/satellite-communication-market

Key Market Segmentation:

Competitive Landscape with Key Players:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Cobham Limited

EchoStar Corporation

General Dynamics Corporation

Gilat Satellite Networks

Honeywell International Inc.

L3Harris Technologies Inc.

SES S.A

SKY Perfect JSAT Holdings Inc

Telesat (Loral Space & Communications Inc.)

Thuraya Telecommunications Company (Al Yah Satellite Communication Company)

Viasat Inc.

Breakup by Component:

Equipment

Services

Transmitter/Transponder

Antenna

Transceiver

Receiver

Modem/Router

Others

Breakup by Application:

Voice Communication

Broadcasting

Data Communication

Breakup by End-Use Industry:

Aerospace and Defense

Transportation and Logistics

Agriculture

Government and Military

Media and Entertainment

Others

Breakup by Region:

North America (United States, Canada)

Europe (Germany, France, United Kingdom, Italy, Spain, Others)

Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)

Latin America (Brazil, Mexico, Others)

Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the Report:

Market Performance (2015-2020)

Market Outlook (2021-2026)

Porter’s Five Forces Analysis

Market Drivers and Success Factors

SWOT Analysis

Value Chain

Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

Other Report:

Europe Pasta Sauce Market: https://www.imarcgroup.com/europe-pasta-sauce-market

Nigeria Online Food Delivery Market: https://www.imarcgroup.com/nigeria-online-food-delivery-market

Europe Hydrogen Peroxide Market: https://www.imarcgroup.com/europe-hydrogen-peroxide-market

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Potato Protein Market: https://www.imarcgroup.com/potato-protein-market

Polycaprolactone Market: https://www.imarcgroup.com/polycaprolactone-market

Wi-Fi Analytics Market: https://www.imarcgroup.com/wi-fi-analytics-market

Tampon Market: https://www.imarcgroup.com/tampon-market

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us: IMARC Group 30 N Gould St, Ste R Sheridan, WY (Wyoming) 82801 USA Email: [email protected] Tel No:(D) +91 120 433 0800 Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

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globalgrowthinsights · 11 months ago

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Transparent and Translucent Concrete Market Size, Share, Forecast [2032]

Transparent and Translucent Concrete Market provides in-depth analysis of the market state of Transparent and Translucent Concrete manufacturers, including best facts and figures, overview, definition, SWOT analysis, expert opinions, and the most current global developments. The research also calculates market size, price, revenue, cost structure, gross margin, sales, and market share, as well as forecasts and growth rates. The report assists in determining the revenue earned by the selling of this report and technology across different application areas.

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Transparent and Translucent Concrete in these regions till the forecast period

North America

Middle East and Africa

Asia-Pacific

South America

Europe

Key Attentions of Transparent and Translucent Concrete Market Report:

The report offers a comprehensive and broad perspective on the global Transparent and Translucent Concrete Market.

The market statistics represented in different Transparent and Translucent Concrete segments offers complete industry picture.

Market growth drivers, challenges affecting the development of Transparent and Translucent Concrete are analyzed in detail.

The report will help in the analysis of major competitive market scenario, market dynamics of Transparent and Translucent Concrete.

Major stakeholders, key companies Transparent and Translucent Concrete, investment feasibility and new market entrants study is offered.

Development scope of Transparent and Translucent Concrete in each market segment is covered in this report. The macro and micro-economic factors affecting the Transparent and Translucent Concrete Market

Advancement is elaborated in this report. The upstream and downstream components of Transparent and Translucent Concrete and a comprehensive value chain are explained.

Browse More Details On This Report at @https://www.globalgrowthinsights.com/market-reports/transparent-and-translucent-concrete-market-100590

Global Growth Insights

Web: https://www.globalgrowthinsights.com

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